EX 5-17 Purchases and cash payments journals
Transactions related to purchases and cash payments completed by Marion Cleaning Services Inc. during the month of August 2012 are as follows:
|
Aug. 1. |
Issued Check No. 57 to Liquid Klean Supplies Inc. in payment of account, $275. |
|
3 |
Purchased cleaning supplies on account from Sani-Fresh Products Inc., $160. |
|
8 |
Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,400. |
|
12 |
Purchased cleaning supplies on account from Porter Products Inc., $250. |
|
15 |
Issued Check No. 59 to Abbott Laundry Service in payment of account, $120. |
|
18 |
Purchased supplies on account from Liquid Klean Supplies Inc., $265. |
|
20 |
Purchased laundry services from Abbott Laundry Service on account, $140. |
|
26 |
Issued Check No. 60 to Sani-Fresh Products Inc. in payment of August 3 invoice. |
|
31 |
Issued Check No. 61 in payment of salaries, $5,200. |
Prepare a purchases journal and a cash payments journal to record these transactions. The forms of the journals are similar to those illustrated in the text. Place a check mark (v) in the Post. Ref. column to indicate when the accounts payable subsidiary ledger should be posted. Marion Cleaning Services Inc. uses the following accounts:
|
Cash |
11 |
|
Cleaning Supplies |
14 |
|
Equipment |
18 |
|
Accounts Payable |
21 |
|
Salary Expense |
51 |
|
Laundry Service Expense |
53 |